The FAO Meat Value Index averaged 113.0 issues in March, up 1.9 issues (1.7%) from February, marking the second one consecutive per 30 days build up. At this stage, the index stood only one.7 issues (1.5%) beneath its corresponding worth a yr in the past.
Pig meat costs additionally higher, basically reflecting upper inner call for forward of the Easter vacations, however higher provides particularly in Western Europe.
Global poultry meat costs higher in March, underpinned via persevered secure import call for from main uploading nations, regardless of plentiful provides most commonly sustained via lowered avian influenza outbreaks in main generating nations. Global bovine meat costs persevered to upward thrust in March, basically because of higher purchases via main uploading nations. In contrast, world ovine meat costs fell for the second one consecutive month, mainly pushed via a surge in provides exceeding seasonal ranges, particularly from Australia.
April 5, 2024/ FAO.
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